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Form 990-PF

Department of the Treasury

Internal Revenue Service

Return of Private Foundationor Section 4947(a)(1) Nonexempt Charitable Trust

Treated as a Private FoundationNote The foundation may be able to use a copy of this return to satisfy state reporting requirements.

year beginning MAY 1, 2010 , and ending APR 30, 2011

Initial return 0 Initial return of a former public charity Final return

Amended return n Address chanae n Name chance

OMB No 1 545-0052

2010For calendar year 2010, or tax

G Check all that apply: [

fa

CV

tG

e4t'

BJJzz

co

Name of foundation A Employer identification number

EARL BANE FOUNDATION 48-1152429Number and street (or P O box number if mail is not delivered to street address) Room/suite B Telephone number

P.O. BOX 201 ( 785 ) 827-1492City or town, state, and ZIP code C If exemption application is pending , check here ►

SALINA , KS 67402-0201 D 1. Foreign organizations, check here

H Check type of organization: DO Section 501(c)(3) exempt private foundation 2 check here and attach cmpuatio85%test,

El Section 4947( a )( 1 ) nonexem p t charitable trust 0 Other taxable p rivate foundationE If t f d t t t t t d

I Fair market value of all assets at end of year J Accounting method: ® Cash El Accrualpriva e oun a ion s us was ermina ea

under section 507(b)(1)(A), check here

(from Part ll, col. (c), line 16) 0 Other (specify) F If the foundation is in a 60-month terminationNo. $ 13 , 000 ,

189.(Part if, column (d) must be on cash basis) under section 507 ( b )( 1 ) B ) , check here

Part I Analysis of Revenue and Expenses (a) Revenue and (b) Net investment (c) Adjusted net (d) Disbursements(The total of amounts in columns (b), (c), and (d) may notnecessarily equal the amounts in column (a)) expenses per books income income for charitable purposes

(cash basis only)

1 Contributions, gifts, grants, etc., received N/A

2 Check►® it the foundation is not required to attach Sch B

3 casInterest

veon savingsstmentss

and temporary 77. 77. STATEMENT 14 Dividends and interest from securities 208 , 544. 208 , 544. STATEMENT 25a Gross rents

b Net rental income or (loss)

6a Net gain or (loss ) from sale of assets not on line 10 <8 359 .Gross sales price for all

b assets on line 6a 1 478,004.

y 7 Capital gain net income (from Part IV, line 2)

8 Net short-term capital gain rF

9 Income modificationsGross sales less returns

10a and allowances

b Less Cost of goods sold 4ull /J0,

c Gross profit or (loss)

11 Other income _16?U A12 Total Add lines 1 throu g h 11 200 , 262. 2 0 8

13 Compensation of officers, directors , trustees , etc 43 , 000. 4 , 300. 38 , 700.14 Other employee salaries and wages

15 Pension plans, employee benefitsN

16a Legal fees

a b Accounting fees STMT 3 4 , 550. 2 , 275. 2 , 275.W c Other professional fees STMT 4 30 , 832. 30 , 832. 0.

17 Interest

18 Taxes STMT 5 7 , 370. 992. 1 , 239.19 Depreciation and depletion 42. 0.

E 20 Occupancy

< 21 Travel, conferences, and meetings

r- 22 Printing and publications

i 23 Other expenses STMT 6 4 , 429. 303. 4 , 126.24 Total operating and administrative

Q expenses . Add lines 13 through 23 90 , 223. 38 , 702. 46 , 340.0 25 Contributions, gifts, grants paid 423 , 760. 423 , 760.

26 Total expenses and disbursements.

Add lines 24 and 25 513 983. 38 , 702. 470 100.27 Subtract line 26 from line 12:

a Excess of revenue over expenses and disbursements <313 721 .b Net investment income (if negative, enter -0- ) 169 , 919.c Ad'usted net income ( if negative , enter -0- ) N /A

12-07-10 LHA For Paperwork Reduction Act Notice, see the instructions. Form 990-PF (2010) (p

9KS03881_1

108110714 755565 S03881 2010.04000 EARL BANE FOUNDATION

Form 990-PF (2010) FART. RATQF 'W TT 1TTArPT(1N

Balance Sheets A^chedschedules andamounts inthedescnptionpBeginning of year End of year

art II column should be for end-of-year amounts only (a) Book Value (b) Book Value (c) Fair Market Value

1 Cash - non-interest-bearing

2 Savings and temporary cash investments 235 , 516. 486 , 956. 486 , 956.3 Accounts receivable ►

Less: allowance for doubtful accounts ►4 Pledges receivable ►

Less: allowance for doubtful accounts ►5 Grants receivable

6 Receivables due from officers, directors, trustees, and other

disqualified persons

7 Other notes and loans receivable ►Less: allowance for doubtful accounts ►

0 8 Inventories for sale or use

9 Prepaid expenses and deferred charges

10a Investments - U.S. and state government obligations STMT 7 653 , 803. 274 , 488. 281 , 099.b Investments - corporate stock STMT 8 7 , 483 , 601. 7 5 01 , 159. 11 , 801 , 439.c Investments - corporate bonds STMT 9 604 , 309. 400 , 947. 430 , 616.

11 Investments - land, buildings, and equipment basis ► 13 , 632 .

Less accumulated depreciation STMT 1000- 13 , 553 . 121. 79. 79.

12 Investments - mortgage loans

13 Investments - other

14 Land, buildings, and equipment: basis ►Less accumulated depreciation ►

15 Other assets (describe ►

16 Total assets to be com p leted by all filers 8 , 977 , 350. 8 , 663 , 629. 13 , 000 , 189.17 Accounts payable and accrued expenses

18 Grants payable

u) 19 Deferred revenue

20 Loans from officers, directors, trustees , and other disqualified persons

m 21 Mortgages and other notes payable

J 22 Other liabilities (describe ► STATEMENT 11 ) 882. 882.

23 Total liabilities ( add lines 17 throw h 22 ) 882. 882.

Foundations that follow SFAS 117, check here ► 0and complete lines 24 through 26 and lines 30 and 31.

N

24 Unrestricted

0 25 Temporarily restricted

m 26 Permanently restricted

r_ Foundations that do not follow SFAS 117, check here ►LL and complete lines 27 through 31.

° 27 Capital stock, trust principal, or current funds 8 , 976 , 468. 8 , 662 , 747.28 Paid-in or capital surplus, or land, bldg., and equipment fund 0. 0.

a 29 Retained earnings, accumulated income, endowment, or other funds 0. 0.

Z 30 Total net assets or fund balances 8 , 976 , 468. 8 1 662 , 747.

31 Total liabilities and net assetstfund balances 8 , 977 , 350. 8 666633 . 629.

Part III Analysis of Changes in Net Assets or Fund Balances

1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30

(must agree with end-of-year figure reported on prior year's return)

2 Enter amount from Part I, line 27a

3 Other increases not included in line 2 (itemize) ►4 Add lines 1, 2, and 3

5 Decreases not included in line 2 (itemize) ►

02351112-07-10

AA-1191AIQ Panel

76,468.

141 8,662,747.

Form 990-PF (2010)

2

08110714 755565 S03881 2010.04000 EARL BANE FOUNDATION S03881_1

Form 990-PF (2010) EARL BANE FOUNDATION 48-1152429 Part IV Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind ( s) of property sold (e . g., real estate ,2-story brick warehouse ; or common stock, 200 shs. MLC Co. )

( b How acquired

D - Donataon

( c ) Date acquired(mo., day, yr. )

(d) Date sold( mo., day, yr.)

la VARIOUS STOCKS P VARIOUS VARIOUSb VARIOUS BONDS P VARIOUS VARIOUSc VARIOUS SECURITIES P VARIOUS VARIOUSd VARIOUS SECURITIES SETTLEMENTS P VARIOUS VARIOUSe

(e) Gross sales price ( f) Depreciation allowed(or allowable )

(g) Cost or other basisplus expense of sale

( h) Gain or (loss)( e) plus ( f) minus (g)

a 2 , 942. 4 , 872 . <1 , 930.b 575 000. 582 677. .<7 , 677.c 898 814. 898 814. 0.d 1 , 248. 1 , 248.e

Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31/69 (I) Gains ( Col. (h) gain minus

(i) F.M.V. as of 12/31/69(j) Adjusted basisas of 12/31/69

( k) Excess of col. (i)over col. (I), if any

col. ( k), but not less than -0-) orLosses ( from col. (h))

a <1 930.b <7 , 677.C 0.d 1 , 248.e

2 Capital gain net income or ( net capital loss)If gain, also enter in Part I, line 7If (loss ), enter -0- in Part I, line 7 2 <8 , 359.

3 Net short-term capital gain or ( loss) as defined in sections 1222(5) and (6):If gain, also enter in Part 1 , line 8, column (c).If loss enter - 0- in Part I line 8 3 N /A

Part V uualuticatlon under section 494U(e) Tor Keaucea I ax on Net investment income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? 0 Yes ® No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.1 Enter the aoorooriate amount in each column for each year : see instructions before makina any entries.

Base periiod yearsCalendar year ( or tax year beginning in ) (b)Adjusted qualifying distributions (c)Net value of noncharitable-use assets

Distribution ratio(col. (b) divided by col. (c))

2009 402 490. 10 668 301. .0377282008 490 654. 10 502 234. .0467192007 485 551. 13 133 832. .0369692006 580 205. 11 865 765. .0488972005 603 808. 11 077 087. .054510

2 Total of line 1, column (d) 2 . 2 2 4 8 2 3

3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5,

the foundation has been in existence if less than 5 years

or by the number of years

3 . 0 4 4 9 6 5

4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5 4 12 , 008 , 987.

5 Multiply line 4 by line 3 5 539 , 984.

6 Enter 1% of net investment income (1% of Part I, line 27b) 6 1 , 699.

7 Add lines 5 and 6 7 541 , 683.

8 Enter qualifying distributions from Part XI I, line 4 8 470 , 100.

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate.See the Part VI instructions.

023521 12-07-10 Form 990-PF (2010)3

08110714 755565 503881 2010.04000 EARL BANE FOUNDATION 503881_1

Form 990-PF (2010) ____EARL BANE_ FOUNDATION 48-1152429 Page4Part VI Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions)

Is Exempt operating foundations described in section 4940(d)(2), check here ► L] and enter 'N/A' on line 1.Date of ruling or determination letter: ( attach copy of letter if necessary -see instructions)

b Domestic foundations that meet the section 4940(e) requirements in Part V, check here ►= and enter 1% 1 3 , 398.

of Part I, line 27b

c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b).

2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0.

3 Add lines 1 and 2 3 3 , 398.

4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0.

5 Tax based on investment income . Subtract line 4 from line 3. If zero or less, enter -0- 5 3 398.

6 Credits/Payments:

a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 4 , 400.

b Exempt foreign organizations - tax withheld at source 6b

c Tax paid with application for extension of time to file (Form 8868) 6c

d Backup withholding erroneously withheld 6d

7 Total credits and payments. Add lines 6a through 6d 7 4,400 .

8 Enter any penalty for underpayment of estimated tax. Check here ® if Form 2220 is attached 8

9 Tax due . If the total of lines 5 and 8 is more than line 7, enter amount owed ► 9

10 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid ► 10 1 , 002.

11 Enter the amount of line 10 to be: Credited to 2011 estimated tax 110- 1 0 0 2 . Refunded 10, 11 0.

la During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in

any political campaign?

b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition)?

If the answer is "Yes" to 1a or 1b, attach a detailed descnption of the activities and copies of any materials published or

distributed by the foundation in connection with the activities

c Did the foundation file Form 1 120-POL for this year?

d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. ► $ 0. (2) On foundation managers. Po- $ 0.

e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation

managers. ► $ 0.

2 Has the foundation engaged in any activities that have not previously been reported to the IRS?

If "Yes, " attach a detailed descnption of the activities

3 Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or

bylaws, or other similar instruments? If "Yes, " attach a conformed copy of the changes

4a Did the foundation have unrelated business gross income of $1,000 or more during the year?

b If "Yes," has it filed a tax return on Form 990-T for this year?

5 Was there a liquidation, termination, dissolution, or substantial contraction during the year?

If "Yes, " attach the statement required by General Instruction T.

6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

• By language in the governing instrument, or

• By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law

remain in the governing instrument?

7 Did the foundation have at least $5,000 in assets at any time during the year?

If "Yes," complete Part ll, col (c), and Part XV.

8a Enter the states to which the foundation reports or with which it is registered (see instructions) ►

Yes Nc

la X

lb X

is X

4a X

N/A 4b

5 X

6 X7 X

b If the answer is 'Yes' to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate)

of each state as required by General Instruction G? If "No," attach explanation SEE STATEMENT 12

9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(l)(3) or 4942(j)(5) for calendar

year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV)? If "Yes, " complete Part XIV

0 Did any persons become substantial contributors during the tax year? if "Yes," attach a sche dule listun9 their names and addresses

02353112-07-10

Form 990-PF (2010)


Form 990-PF (2010) EARL BANE FOUNDATION 48-1152429

Part VII-A Statements Regarding Activities (continued)

11 At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the meaning of

section 512(b)(13)2 If'Yes, attach schedule (see instructions) 11 X

12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract before

August 17, 20082 12 X

13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? 13 X

Website address ► N/A

14 The books are in care of ► ROBERT BUSTER Telephone no. op- (785 ) 827-1492Locatedat ► 315 N. 9TH ST, SALINA, KS ZIP+4 '67401

15 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here ►and enter the amount of tax-exempt interest received or accrued during the year ► 15 N/A

16 At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over a bank, Yes No

securities, or other financial account in a foreign country? 16 X

See page 20 of the instructions for exceptions and filing requirements for Form TO F 90-22.1. If "Yes; enter the name of

the forei g n countrylli^

Part VII- B Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column , unless an exception applies. Yes No

Is During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ® Yes No

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? Yes ® No

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person2 Yes ® No

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person2 ® Yes No

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)2 Yes ® No

(6) Agree to pay money or property to a government official ? (Exception Check'No'

if the foundation agreed to make a grant to or to employ the official for a period after

termination of government service, if terminating within 90 days.) Yes ® No

b If any answer is "Yes" to la(1)-(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 22 of the instructions)'? 1b X

Organizations relying on a current notice regarding disaster assistance check here ►c Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts, that were not corrected

before the first day of the tax year beginning in 20109 1c X

2 Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private operating foundation

defined in section 4942(I)(3) or 4942(I)(5)):

a At the end of tax year 2010, did the foundation have any undistributed income (lines 6d and Be, Part XIII) for tax year(s) beginning

before 20107 Yes ®No

If 'Yes,' list the years ►b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect

valuation of assets) to the year's undistributed mcome7 (If applying section 4942(a)(2) to all years listed, answer "No' and attach

statement - see instructions.) N/A 2b

c If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

00. 9 1 1

3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time

during the year? Yes ® No

b If 'Yes; did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation or disqualified persons after

May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose

of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C,

Form 4720, to determine if the foundation had excess business holdings in 2010.) N/A 3b

4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? 4a X

b Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that

had not been removed from ieooardv before the first day of the tax year beoinnina in 20109 4b X

Form 990-PF (2010)

02354112-07-10


TI -1152Part VII- 13 I Statements Regarding Activities for Which Form 4720 May Be Required (continued)

5a During the year did the foundation pay or incur any amount to:

(1) Carry onpropaganda, or otherwise attempt to influence legislation (section 4945(e))? E] Yes ® No

(2) Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly,

any voter registration drive9 0 Yes ® No

(3) Provide a grant to an individual for travel, study, or other similar purposes? 0 Yes ® No

(4) Provide a grant to an organization other than a charitable, etc., organization described in section

509(a)(1), (2), or (3), or section 4940(d)(2)2 = Yes ® No

(5) Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for

the prevention of cruelty to children or animals? Yes ® No

b If any answer is "Yes* to 5a(1)-(5), did any of the transactions fail to qualify under the exceptions described in Regulations

section 53.4945 or in a current notice regarding disaster assistance (see instructions)? N/A 5b

Organizations relying on a current notice regarding disaster assistance check here ►c If the answer is Yes' to question 5a(4), does the foundation claim exemption from the tax because it maintained

expenditure responsibility for the grant? N/A Yes = No

If "Yes, " attach the statement required by Regulations section 53 4945-5(d)

6a Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? Yes ® No

b Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract9 6b X

If "Yes" to 6b, file Form 8870

7a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction2 Yes ® No

b If 'Yes , ' did the foundation receive any proceeds or have any net income attributable to the transaction? N/A 7b

Part VIII Information About Officers, Directors , Trustees, Foundation Managers, Highlya Paid Employees , and Contractors

1 List all officers . directors . trustees . foundation manaaers and their comoensation.

(a) Name and address(b) Title, and average

hours per week devotedto position

(c) Compensation

(If not p aidenter -0 -)

(d) Contributions tobenefe mp ande

ensa^o

eterrdplans

compn

(e)Ex enseaccount, otherallowances

SEE STATEMENT 13 43 , 000. 0. 0.

2 Compensation of five highest-paid emolovees (other than those included on line 1). If none- enter "NONE."

(a) Name and address of each employee paid more than $50 , 000(b) Title, and average

hours per weekdevoted to position

(c) Compensation( d) Contributionstoemp oyes benefit plans

compensation

(e) Expenseaccount, otherallowances

NONE

Total number of other employees paid over $50,000 ► 1 0Form 990-PF (2010)

02355112-07-10



Part VIII Information About Officers , Directors , Trustees , Foundation Managers, Highly0 Paid Employees, and Contractors (continued)

3 Five highest -paid independent contractors for professional services . If none , enter " NONE."

(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation

NONE

Total number of others receivin g over $50 , 000 for p rofessional services ► 0Part IX-A Summary of Direct Charitable Activities

List the foundation's four largest direct charitable activities during the tax year. Include relevant statistical information such as thenumber of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses

N/A

2

3

4

I Part IX-t3Summary of Program-Related InvestmentsDescribe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount

1 N/A

2

All other program-related investments. See instructions.

3

Total. Add lines 1 throu gh 3 ► 0.

Form 990-PF (2010)

02356112-07-10


Form 990-PF (2010) EARL-BANE FOUNDATION 48-1152429

Part X Minimum Investment Return (AII domestic foundations must complete this part Foreign foundations, see instructions.)

1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes:

a Average monthly fair market value of securities la 11 , 791 , 257.b Average of monthly cash balances lb 400 , 608.

c Fair market value of all other assets 1c

d Total (add lines la, b, and c) 1d 12 , 191 , 865.e Reduction claimed for blockage or other factors reported on lines la and

1c (attach detailed explanation) le 0.

2 Acquisition indebtedness applicable to line 1 assets 2 0.

3 Subtract line 2 from line Ild 3 12 , 191 , 865.4 Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see instructions) 4 182 , 878.

5 Net value of noncharitable - use assets . Subtract line 4 from line 3. Enter here and on Part V. line 4 5 12 , 008 , 987.6 Minimum investment return . Enter 5% of line 5 6 600 , 449.

Part XIDistributable Amount (see instructions) (Section 4942(l)(3) and (I)(5) private operating foundations and certain

foreign organizations check here ► 0 and do not complete this part.)

1 Minimum investment return from Part X, line 6 1 600 , 449.2a

b

c

Tax on investment income for 2010 from Part VI, line 5 2a

Income tax for 2010. (This does not include the tax from Part VI.) 2b

Add lines 2a and 2b

3 , 398.

2c 3 , 398.3 Distributable amount before adjustments. Subtract line 2c from line 1 3 597 , 051.4 Recoveries of amounts treated as qualifying distributions 4 0.

5 Add lines 3 and 4 5 597 , 051.6 Deduction from distributable amount (see instructions) 6 0.

7 Distributable amount as ad usted. Subtract line 6 from line 5. Enter here and on Part XIII , line 1 7 597 , 051.

Part XII Qualifying Distributions (see instructions)

1

a

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc. - total from Part I, column (d), line 26 is 470 , 100.b Program-related investments - total from Part IX-B ib 0.

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc., purposes 2

3

a

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required) 3a

b Cash distribution test (attach the required schedule) 3b

4 Qualifying distributions . Add lines la through 3b. Enter here and on Part V, line 8, and Part XIII, line 4 4 470 , 100.

5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b 5 0.

6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 470 , 100.

Note The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation

4940(e) reduction of tax in those years.

qualifie s for the section

Form 990-PF (2010)

02357112-07-10



Part XIII Undistributed Income (see instructions)

1 Distributable amount for 2010 from Part XI,

line 7

2 Undistributed income , if any , as of the end of 2010

a Enter amount for 2009 only

b Total for prior years:

3 Excess distributions carryover, if any, to 2010:

a From 2005

b From 2006

c From 2007

d From 2008

e From 2009

f Total of lines 3a through e

4 Qualifying distributions for 2010 from

Part Xll, line 4: ► $ 470,100a Applied to 2009, but not more than line 2a

b Applied to undistributed income of prior

years (Election required - see instructions)

c Treated as distributions out of corpus

(Election required - see instructions)

d Applied to 2010 distributable amount

e Remaining amount distributed out of corpus

5 Excess distributions carryover applied to 2010

(if an amount appears in column ( d), the same amount

must be shown in column (a) )

6 Enter the net total of each column asindicated below:

a Corpus Add lines 3f, 4c, and 4e Subtract line 5

b Prior years' undistributed income. Subtract

line 4b from line 2b

c Enter the amount of prior years'undistributed income for which a notice ofdeficiency has been issued, or on whichthe section 4942(a) tax has been previouslyassessed

d Subtract line 6c from line 6b. Taxable

amount - see instructions

e Undistributed income for 2009. Subtract line

4a from line 2a. Taxable amount - see mstr.

f Undistributed income for 2010. Subtract

lines 4d and 5 from line 1. This amount must

be distributed in 2011

7 Amounts treated as distributions out of

corpus to satisfy requirements imposed by

section 170(b)(1)(F) or 4942(g)(3)

8 Excess distributions carryover from 2005

not applied on line 5 or line 7

9 Excess distributions carryover to 2011.

Subtract lines 7 and 8 from line 6a

10 Analysis of line 9:

a Excess from 2006

b Excess from 2007

c Excess from 2008

d Excess from 2009

e Excess from 2010

02358112-07-10

08110714 755565 S03881

(a) (b)Corpus Years prior to 2009

0.

0.

0.

0.

(c)2009

4,068.

64.068.

92010.04000 EARL BANE FOUNDATION

(d)2010

597, 051.

406 032.

0.

191 ,019.

Form 990-PF (2010)

S03881_1

990-PF ( 2010) -EARL BANE FOUNDATI ON 48 -1152429 I vart AIV I rrrvate uperating 1-ounaatlons (see instructions and Part VII-A, question 9) N/A

1 a If the foundation has received a ruling or determination letter that it is a private operating

foundation, and the ruling is effective for 2010, enter the date of the ruling ►b Check box to indicate whether the foundation is a private operating foundation described in section

2 a Enter the lesser of the adjusted net

income from Part I or the minimum

investment return from Part X for

each year listed

b 85% of line 2a

c Qualifying distributions from Part XII,

line 4 for each year listed

d Amounts included in line 2c not

used directly for active conduct of

exempt activities

e Qualifying distributions made directly

for active conduct of exempt activities.

Subtract line 2d from line 2c3 Complete 3a, b, or c for the

alternative test relied upon:a 'Assets" alternative test - enter:

(1) Value of all assets

(2) Value of assets qualifyingunder section 4942(I)(3)(B)(i)

b 'Endowment' lternative test - enter2/3 of minimum investment returnshown in Part X, line 6 for each yearlisted

c "Support" alternative test - enter:

(1) Total support other than grossinvestment income (interest,dividends, rents, payments onsecurities loans (section512(a)(5)), or royalties)

(2) Support from general publicand 5 or more exemptorganizations as provided insection 4942(I)(3)(B)(uQ

(3) Largest amount of support from

an exempt organization

( 4 ) Gross investment income

Part XV Supplementary Information (Complete this part only if the foundation had $5,000 or more in assetsat any time during the year-see-the- instructions.)

1 Information Regarding Foundation Managers:

a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation before the close of any taxyear (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NONE

b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership of a partnership orother entity) of which the foundation has a 10% or greater interest.

NONE

2 Information Regarding Contribution , Grant, Gift, Loan , Scholarship , etc., Programs:Check here ►= if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. Ifthe foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under other conditions, complete items 2a, b, c, and d.

a The name, address, and telephone number of the person to whom applications should be addressed:

SEE STATEMENT 14

b The form in which applications should be submitted and information and materials they should include:

c Any submission deadlines:

d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors:

023601 12-07-10 Form 990-PF (2010)

4942 (j)( 3 ) or I-149420)(5)Tax year Prior 3 years

(a) 2010 ( b) 2009 ( c) 2008 (d) 2007 ( e) Total


Form 990-PF (2010) EARL _ BANE FOUNDATION 48-1152429 Part XV Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment

Recipient If recipient is an individual,show any relationship to Foundation Purpose of grant or

f d status of contribution AmountName and address (home or business) any oun ation manager

or substantial contributor recipient

a Paid dunng the year

SEE STATEMENT 15Total ► 3a 423 , 760.

b Approved for future payment

NONE

Total ► 3b 1 0.023811 12-07-10 Form 990-PF (2010)

11



Part XVI -A , Analysis of Income -Producing Activities

Enter

1 Pro

a

b

e

d

e

f

9

2 Me

3 I nt

inv

4 Div

5 Net

a

b

6 Net

pro

7 0th

8 Gai

tha

9 Net

10 Gr

11 0th

a

b

e

d

e

12 Su

ross amounts unless otherwise indicated Unrelate d business income Exclu ded by section 512 , 513, or 514 (e).

gram service revenue:

(a)Businesscode

(b)Amount

ELL5ioncode

(d)Amount

Related or exemptfunction income

Fees and contracts from government agencies

mbership dues and assessments

rest on savings and temporary cash

estments 14 77.idends and interest from securities 14 208 , 544.rental income or (loss) from real estate:

Debt-financed property

Not debt-financed property

rental income or (loss) from personal

perty

er investment incomen or (loss) from sales of assets othern inventory 18 <8 359.income or (loss) from special events

ss profit or (loss) from sales of inventory

er revenue:

btotal. Add columns (b), (d), and (e) 0. 1 200 , 262.

g

B

o

1 0.

13 Total . Add line 12, columns (b), (d), and (e) 13 200,262.

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B Relationship of Activities to the Accomplishment of Exempt Purposes


/12307110 Form 990-PF (2010)

Form 990-PF 2010 EARL BANE FOUNDATION 48-1152429 Pag e 13Part XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable

'Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Yes No

the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

a Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash tall) X

(2) Other assets la(2)1 X

b Other transactions:

(1) Sales of assets to a noncharitable exempt organization 1b 1 X

(2) Purchases of assets from a noncharitable exempt organization lb ( 2 ) X

(3) Rental of facilities, equipment, or other assets 1b 3 X

(4) Reimbursement arrangements 1b 4 X

(5) Loans or loan guarantees 1b 5 X

(6) Performance of services or membership or fundraising solicitations ib 6 X

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1c X

d If the answer to any of the above is 'Yes, complete the following schedule. Column (b) should always show the fair market value of the goods, ot

or services given by the reporting foundation. If the foundation received less than fair market value in any transaction or sharing arrangement, sh

her ass

ow in

ets,

(a) Name of organization (b) Type of organization (c) Description of relationship

N/A

Under penalties of perjury , I declare that I have examined this return , including accompanying schedules and statements , and to the best of my knowledge and belief, it is true , correct,

Signand complete Declaration of preparer (other than taxpayer or fiduciary ) is based on all information of which preparer has any knowledge

HereSlgnatu of office r trustee

Print/Type preparer's name Preparer' s signature

Paid CORLENE R. LANGE Njzv^INreparer Firm's name ► KENNEDY AND COE, LLCUse Only

Firm's address ► 3 0 3 0 CORTLAND, P . 0.cnT.TUn uc 97Af12-11

02362204-26-11

08110714 755565 S03881 2010.04000

2a Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described

in section 501 ( c) of the Code ( other than section 501(c)(3)) or in section 5279 0 Yes ® No

h If'Vps' nmmnlptp tho fnllnwinn cnheriido

EARL BANE FOUNDATION 48-1152429

FORM 990-PF INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS STATEMENT 1

SOURCE AMOUNT

UMB NATIONAL BANK OF AMERICA - CHECKING 77.

TOTAL TO FORM 990-PF, PART I, LINE 3, COLUMN A 77.

FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 2

CAPITAL GAINS COLUMN (A)SOURCE GROSS AMOUNT DIVIDENDS AMOUNT

UMB NATIONAL BANK OF AMERICA(NOMINEE) INTEREST INCOME 43,094. 0. 43,094.UMB NATIONAL BANK OF AMERICA(NOMINEE) STOCK DIVIDENDS 165,450. 0. 165,450.

TOTAL TO FM 990-PF, PART I, LN 4 208,544. 0. 208,544.

FORM 990-PF ACCOUNTING FEES STATEMENT 3

DESCRIPTION

ACCOUNTING FEES

TO FORM 990-PF, PG 1, LN 16B

(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLEPER BOOKS MENT INCOME NET INCOME PURPOSES

4,550.

4,550.

2,275.

2,275.

FORM 990-PF OTHER PROFESSIONAL FEES STATEMENT 4

DESCRIPTION

CUSTODIAL MANAGEMENT FEE

TO FORM 990-PF , PG 1, LN 16C


30,832. 30,832. 0.

2,275.

2,275.

30,832. 30,832. 0.

14 STATEMENT(S) 1, 2, 3, 408110714 755565 S03881 2010.04000 EARL BANE FOUNDATION S03881_1


FORM 990-PF TAXES STATEMENT 5

DESCRIPTION

EXCISE TAXPAYROLL TAXESFOREIGN TAXES

TO FORM 990-PF, PG 1, LN 18

FORM 990-PF OTHER EXPENSES STATEMENT 6

DESCRIPTION

BANK SERVICE CHARGESOFFICE SUPPLIESUTILITIESDUES & MEMBERSHIPSANNUAL REPORT FEEPOSTAGETELEPHONE EXPENSE

TO FORM 990-PF, PG 1, LN 23


5,139. 0. 0.1,377. 138. 1,239.

854. 854. 0.

7,370. 992. 1,239.


303. 303. 0.668. 0. 668.

1,498. 0. 1,498.695. 0. 695.100. 0. 100.91. 0. 91.

1,074. 0. 1,074.

4,429. 303. 4,126.

FORM 990-PF U.S. AND STATE/CITY GOVERNMENT OBLIGATIONS STATEMENT 7

U.S. OTHERDESCRIPTION GOV'T GOV'T

FEDERAL OBLIGATIONS X

TOTAL U.S. GOVERNMENT OBLIGATIONS

TOTAL STATE AND MUNICIPAL GOVERNMENT OBLIGATIONS

TOTAL TO FORM 990-PF, PART II, LINE 10A

BOOK VALUE

274,488.

274,488.

274,488.

FAIR MARKETVALUE

281,099.

281,099.

281,099.

15 STATEMENT(S) 5, 6, 708110714 755565 S03881 2010.04000 EARL BANE FOUNDATION S03881_1


FORM 990-PF CORPORATE STOCK STATEMENT 8

FAIR MARKETDESCRIPTION BOOK VALUE VALUE

CORPORATE STOCK 7,501,159. 11,801,439.

TOTAL TO FORM 990-PF, PART II, LINE 10B 7,501,159. 11,801,439.

FORM 990-PF CORPORATE BONDS STATEMENT 9

FAIR MARKETDESCRIPTION BOOK VALUE VALUE

CORPORATE BONDS 400,947. 430,616.

TOTAL TO FORM 990-PF, PART II, LINE 10C 400,947. 430,616.

FORM 990-PF DEPRECIATION OF ASSETS HELD FOR INVESTMENT STATEMENT 10

COST OR ACCUMULATEDDESCRIPTION OTHER BASIS DEPRECIATION BOOK VALUE

OFFICE EQUIPMENT 13,632. 13,553. 79.

TOTAL TO FM 990-PF, PART II, LN 11 13,632. 13,553. 79.

FORM 990-PF OTHER LIABILITIES STATEMENT 11

DESCRIPTION

PAYROLL TAXES WITHHELD AND PAYABLE

TOTAL TO FORM 990-PF, PART II, LINE 22

BOY AMOUNT EOY AMOUNT

882. 882.

882. 882.

16 STATEMENT(S) 8, 9, 10, 1108110714 755565 S03881 2010.04000 EARL BANE FOUNDATION 503881_1


FORM 990-PF EXPLANATION CONCERNING PART VII-A, LINE 8B STATEMENT 12

EXPLANATION

NOT REQUIRED

FORM 990-PF PART VIII - LIST OF OFFICERS , DIRECTORS STATEMENT 13TRUSTEES AND FOUNDATION MANAGERS

NAME AND ADDRESS

ROBERT BUSTER315 N. 9TH STREETSALINA, KS 67401

GERALD L. HUNTER315 N. 9TH STREETSALINA, KS 67401

MELANIE BAILEY315 N. 9TH STREETSALINA, KS 67401

MINDY TILLBERG315 N. 9TH STREETSALINA, KS 67401

CORLENE LANGE315 N. 9TH STREETSALINA, KS 67401

TITLE AND COMPEN-AVRG HRS/WK SATION

PRESIDENT AND TRUSTEE1.00 6,500.

TRUSTEE0.50 1,000.

VICE PRESIDENT, TREASURER3.00 15,500.

SECRETARY AND TRUSTEE3.00 15,500.

TRUSTEE0.50

TOTALS INCLUDED ON 990-PF, PAGE 6, PART VIII

4,500.

EMPLOYEEBEN PLAN EXPENSECONTRIB ACCOUNT

0. 0.

0. 0.

0. 0.

0. 0.

0. 0.

43,000. 0. 0.

17 STATEMENT(S) 12, 1308110714 755565 S03881 2010.04000 EARL BANE FOUNDATION S03881_1

EARL BANE FOUNDATION

FORM 990-PF GRANT APPLICATION SUBMISSION INFORMATIONPART XV, LINES 2A THROUGH 2D

48-1152429

STATEMENT 14

NAME AND ADDRESS OF PERSON TO WHOM APPLICATIONS SHOULD BE SUBMITTED

ROBERT BUSTER315 N. 9TH ST.SALINA, KS 67401

TELEPHONE NUMBER

785-827-1492

FORM AND CONTENT OF APPLICATIONS

APPLICATIONS NEED ONLY BE IN THE FORM OF A WRITTEN REQUEST

ANY SUBMISSION DEADLINES

NONE

RESTRICTIONS AND LIMITATIONS ON AWARDS

THE FOUNDATION WILL DISTRIBUTE FUNDS TO QUALIFIED ORGANIZATIONS. THE BOARDOF TRUSTEES OF THIS CORPORATION IN ITS CONDUCT OF THE CHARITABLE, ETC.,ACTIVITIES, WILL MAKE DISBURSEMENTS PERMITTED UNDER THE ARTICLES OFINCORPORATION, WITH EMPHASIS ON AND DUE CONSIDERATION TO THE AMERICAN REDCROSS, THE UNITED WAY, SCHOLARSHIPS FOR STUDENTS FROM SALINA, SALINECOUNTY, KANSAS, AT INSTITUTIONS OF HIGHER LEARNING LOCATED IN THE STATE OFKANSAS, AND OTHER QUALIFIED ORGANIZATIONS FOR THE EDUCATIONAL, ECONOMIC,SCIENTIFIC AND RELIGIOUS BENEFIT OF SALINA AND SALINE COUNTY, KANSAS.OTHER TAX-EXEMPT ORGANIZATIONS ARE ELIGIBLE TO SUBMIT APPLICATIONS TOREQUEST A CONTRIBUTION FOR THE EDUCATIONAL, ECONOMIC, SCIENTIFIC ANDRELIGIOUS BENEFIT OF SALINA AND SALINE COUNTY, KANSAS.THE BOARD OF TRUSTEES WILL REVIEW ALL REQUESTS AND SELECTED ORGANIZATIONSWILL RECEIVE DISTRIBUTIONS AT A TIME DETERMINED BY THE BOARD OF TRUSTEES.

18 STATEMENT(S) 1408110714 755565 S03881 2010.04000 EARL BANE FOUNDATION S038811


FORM 990-PV GRANTS AND CONTRIBUTIONS STATEMENT 15PAID DURING THE YEAR

RECIPIENT RELATIONSHIP RECIPIENTRECIPIENT NAME AND ADDRESS AND PURPOSE OF GRANT STATUS AMOUNT

SALINA COMMUNITY THEATRE NONE PUBLIC 30,275.SALINA, KS 67401 EDUCATION WING CHARITY

GREATER SALINA COMMUNITY NONE PUBLIC 3,000.FOUNDATION YOUTH GRANT MAKERS CHARITY

SALINA, KS 67401 COUNCIL, YOUNG WOMEN'SATHLETIC FUND

THE FIRST TEE NONE PUBLIC 250.SALINA, KS 67401 GENERAL FUND CHARITY

GIRL SCOUTS OF KANSAS HEARTLAND NONE PUBLIC 500.SALINA, KS 67401 SALINE COUNTY OUTREACH CHARITY

BETHANY COLLEGE NONE PUBLIC 50,000.SALINA, KS 67401 PEARSON CHAPEL CHARITY

CAMP TOMAH SHINGA NONE PUBLIC 20,000.SALINA, KS 67401 LAKE PROJECT CHARITY

CHILD ADVOCACY & PARENTING NONE PUBLIC 5,000.SEVICES (CAPS) SMART START CHARITY

SALINA, KS 67401

SMOKY HILL RIVER FESTIVAL NONE PUBLIC 15,735.SALINA, KS 67401 TRAM STORAGE & CHAIRS CHARITY

19 STATEMENT(S) 1508110714 755565 S03881 2010.04000 EARL BANE FOUNDATION S03881_1


PRESBYTERIAN MANORS OF MIDAMERICA-SALINA FACILITY

SALINA, KS 67401

KSDS, INCSALINA, KS 67401

SALINA AREA UNITED WAYSALINA, KS 67401

ROLLING HILLS WILDLIFE MUSEUMSALINA, KS 67401

SALINE COUNTY COMMISSION ONAGING

SALINA, KS 67401

SALINA AM AMBUCSSALINA, KS 67401

NONE PUBLICANNUAL SOUP SUPPER CHARITY

NONE PUBLICGENERAL FUND CHARITY

NONE PUBLICANNUAL CAMPAIGN & BACK CHARITYTO SCHOOL FAIR

NONE PUBLICEQUIPMENT CHARITY

NONEMEALS ON WHEELS

NONEEQUIPMENT

SALINA AREA YOUTH SPORTSMANSHIP NONEINITIATIVE PARENT EDUCATION &

SALINA, KS 67401 GOLF TOURNAMENT

SALINA BRANCH NAACP NONESALINA, KS 67401 ANNUAL FREEDOM FUND

BANQUET

SALINA EDUCATION FOUNDATION NONESALINA, KS 67401 RACHEL'S CHALLENGE,

LEARNING LANGUAGESWITH LEGOS

SALINA HEALTH EDUCATION NONEFOUNDATION GENERAL FUND

SALINA, KS 67401

PUBLICCHARITY

PUBLICCHARITY

PUBLICCHARITY

PUBLICCHARITY

PUBLICCHARITY

PUBLICCHARITY

48-1152429

1,000.

1,000.

3,500.

5,000.

500.

2,500.

3,500.

500.

6,500.

10,000.

20 STATEMENT(S) 1508110714 755565 S03881 2010.04000 EARL BANE FOUNDATION 503881_1


SALINA REGIONAL HEALTHFOUNDATION'

SALINA, KS 67401

SALINA RESCUE MISSIONSALINA, KS 67401

SALINE COUNTY ARCSALINA, KS 67401

SUNFLOWER ADULT DAY SERVICES

BAKER UNIVERSITYBALDWIN CITY, KS 66006



FORT HAYS STATE UNIVERSITYHAYS, KS 67601



08110714 755565 S03881

48-1152429

NONE PUBLIC 80,000.CHILDREN CENTER CHARITYCAMPAIGN,KU MED SCHOOLENDOWED SCHOLARSHIP

NONE PUBLIC 6,000.EQUIPMENT CHARITY

NONE PUBLIC 500.GENERAL FUND CHARITY

NONE PUBLIC 1,000.GENERAL FUND CHARITY

NONE PUBLIC 2,500.LLIANA KREHBIEL CHARITYSCHOLARSHIP

NONE PUBLIC 5,000.KATIE SELLERS CHARITYSCHOLARSHIP

NONE PUBLIC 5,000.JENNY BAXA SCHOLARSHIP CHARITY

NONE PUBLIC 5,000.COLBY WETTER CHARITYSCHOLARSHIP

NONE PUBLIC 5,000.SARAH LABES CHARITYSCHOLARSHIP

NONE PUBLIC 5,000.ANDREW BAUER CHARITYSCHOLARSHIP

21 STATEMENT(S) 152010.04000 EARL BANE FOUNDATION S03881_1


FORT HAYS STATE UNIVERSITY NONE PUBLIC 2,500.HAYS, KS-6 7601 ALEXANDRA GIRON CHARITY

SCHOLARSHIP

FORT HAYS STATE UNIVERSITY NONE PUBLIC 2,500.HAYS, KS 6 7601 NICOLE HULTEEN CHARITY

SCHOLARSHIP

KANSAS STATE UNIVERSITY NONE PUBLIC 5,000.MANHATTAN, KS MORGAN LINDSEY CHARITY

SCHOLARSHIP

KANSAS STATE UNIVERSITY NONE PUBLIC 5,000.MANHATTAN, KS MEGAN SAUBER CHARITY

SCHOLARSHIP

KANSAS STATE UNIVERSITY NONE PUBLIC 5,000.MANHATTAN, KS JOHN HERRMAN CHARITY

SCHOLARSHIP

KANSAS STATE UNIVERSITY NONE PUBLIC 5,000.MANHATTAN, KS KOLTEN SCHULZE CHARITY

SCHOLARSHIP

KANSAS STATE UNIVERSITY NONE PUBLIC 5,000.MANHATTAN, KS KRISTI MENDENHALL CHARITY

SCHOLARSHIP

KANSAS STATE UNIVERSITY NONE PUBLIC 5,000.MANHATTAN, KS GRACIA MATLACK CHARITY

SCHOLARSHIP

KANSAS STATE UNIVERSITY NONE PUBLIC 5,000.MANHATTAN, KS LANDON VINSON CHARITY

SCHOLARSHIP

KANSAS STATE UNIVERSITY NONE PUBLIC 5,000.MANHATTAN, KS MADELINE LOGAN CHARITY

SCHOLARSHIP



KANSAS STATE UNIVERSITY NONE PUBLIC 5,000.MANHATTAN, KS CODY RIETCHECK CHARITY

SCHOLARSHIP

KANSAS STATE UNIVERSITY NONE PUBLIC 5,000.MANHATTAN, KS MATT EVERHART CHARITY

SCHOLARSHIP

KANSAS STATE UNIVERSITY NONE PUBLIC 5,000.MANHATTAN, KS FRASER EGAN CHARITY

SCHOLARSHIP

KANSAS STATE UNIVERSITY NONE PUBLIC 2,500.MANHATTAN, KS EMILY SCHNEIDER CHARITY

SCHOLARSHIP

KANSAS STATE UNIVERSITY - SALINA NONE PUBLIC 2,500.MANHATTAN, KS ROBERT CORY CHARITY

SCHOLARSHIP

KANSAS STATE UNIVERSITY - SALINA NONE PUBLIC 2,500.SALINA, KS 67401 JOHN SNYDER CHARITY

SCHOLARSHIP

KANSAS WESLEYAN NONE PUBLIC 5,000.SALINA, KS 67401 COREY WHEELER CHARITY

SCHOLARSHIP

KANSAS WESLEYAN NONE PUBLIC 2,500.SALINA, KS 67401 JOHN SNYDER CHARITY

SCHOLARSHIP

MCPHERSON COLLEGE NONE PUBLIC 5,000.MCPHERSON, KS JESSICA ARPIN CHARITY

SCHOLARSHIP

UNIVERSITY OF KANSAS NONE PUBLIC 5,000.LAWRENCE, KS REANNA PUTNAM CHARITY

SCHOLARSHIP



UNIVERSITY OF KANSAS NONE PUBLIC 5,000.LAWRENCE, KS 66045 BREANNA JENSEN CHARITY

SCHOLARSHIP

UNIVERSITY OF KANSAS NONE PUBLIC 5,000.LAWRENCE, KS 66045 SHANNON LINTON CHARITY

SCHOLARSHIP

UNIVERSITY OF KANSAS NONE PUBLIC 5,000.LAWRENCE, KS 66045 JONATHAN GRAY CHARITY

SCHOLARSHIP

UNIVERSITY OF KANSAS NONE PUBLIC 5,000.LAWRENCE, KS 66045 BRIAN TAYLOR CHARITY

SCHOLARSHIP

UNIVERSITY OF KANSAS NONE PUBLIC 5,000.LAWRENCE, KS 66045 PATRICK ESLICK CHARITY

SCHOLARSHIP

UNIVERSITY OF KANSAS NONE PUBLIC 5,000.LAWRENCE, KS 66045 CHLOE SEIM SCHOLARSHIP CHARITY

UNIVERSITY OF KANSAS NONE PUBLIC 5,000.LAWRENCE, KS 66045 RACHEL PANTLE CHARITY

SCHOLARSHIP

UNIVERSITY OF KANSAS NONE PUBLIC 5,000.LAWRENCE, KS 66045 CHRIS ARPIN CHARITY

SCHOLARSHIP

UNIVERSITY OF KANSAS NONE PUBLIC 5,000.LAWRENCE, KS 66045 JAVON SCHACKELFORD CHARITY

SCHOLARSHIP

WICHITA STATE UNIVERSITY NONE PUBLIC 5,000.WICHITA, KS 67260 NICK SWANSON CHARITY

SCHOLARSHIP



WICHITA STATE UNIVERSITY NONEWICHITA,-KS 67260 JESSICA STODDARD

SCHOLARSHIP

WICHITA STATE UNIVERSITY NONEWICHITA, KS 67260 TINA THOMAS

SCHOLARSHIP

WICHITA STATE UNIVERSITY NONEWICHITA, KS 67260 BRIANNA FOSTER

SCHOLARSHIP

TOTAL TO FORM 990-PF, PART XV, LINE 3A

48-1152429

PUBLIC 5,000.CHARITY



423,760.


Form 4562Department of the Treasury

Name(s) shown on return

Depreciation and Amortization 990PF(Including Information on Listed Property)

See separate instructions. ► Attach to your tax return.Business or activity to which this form relates

OMB No 1545-0172

2010AttachmentSequence No 67

Identifying number

Part I Election To Expense Certain Property Under Section 179 Note : If you have any listed property, complete Part V before you complete Part/

1 Maximum amount (see instructions) 1 500 , 000.

2 Total cost of section 179 property placed in service (see instructions) 2

3 Threshold cost of section 179 property before reduction in limitation 3 2 , 000 , 000.

4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- 4

5 Dollar limitation for tax y ear Subtract line 4 from line 1 If zero or less, enter -0 - If married film sep aratel y , see instructions 5

6 (a) Description of property (b) Cost (business use only) (c) Elected cost

7 Listed property Enter the amount from line 29 1 7 1

8 Total elected cost of section 179 property Add amounts in column (c), lines 6 and 7

9 Tentative deduction Enter the smaller of line 5 or line 8

10 Carryover of disallowed deduction from line 13 of your 2009 Form 4562

11 Business income limitation Enter the smaller of business income (not less than zero) or line 5

12 Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11

13 Carryover of disallowed deduction to 2011 Add lines 9 and 10, less line 12 ► I 13

Note : Do not use Part ll or Part Ill below for listed property Instead, use Part V.

Part II Special Depreciation Allowance and Other Depreciation (Do not include listed property)

14 Special depreciation allowance for qualified property (other than listed property) placed in service during

the tax year

15 Property subject to section 168(f)(1) election

12

I Part III I MACRS Depreciation (Do not include listed property.) (See Instructions.)

Section A

17 MACRS deductions for assets placed in service in tax years beginning before 2010 I 17 I 42.

18 If you are electing to group any assets placed in service during the tax year into one or more general asset accounts , check here ►

Section B - Assets Placed in Service During 2010 Tax Year Using the General Deoreciation System

(a) Classification of property(b) Month andyear placedin service

(c) Basis for depreciation(businesslnvestment useonly - see instructions )

(d ) Recoveryperiod

(e) Convention (f) Method ( g) Depreciation deduction

19a 3-year property

b 5-year property

c 7-year property

d 10-year property

e 15-year property

f 20-year property

25-year property 25 y rs S/L

/27.5 yrs. MM S/L

h Residential rental property/ 27 5 yrs. MM S/L

/ 39 yrs MM S/Li Nonresidential real property

/ MM S/L

Section C - Assets Placed in Service During 2010 Tax Year Using the Alternative Depreciation System

20a Class life S/L

b 12 ear 12 yrs. S/L

c 40 ear / 40 yrs. MM S/L

Part IV Summary (See instructions.)

21 Listed property. Enter amount from line 28 21

22 Total . Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21

Enter here and on the appropriate lines of your return. Partnerships and S corporations - see instr 22 42.

23 For assets shown above and placed in service during the current year, enter the

11-25112.21.10 LHA For Paperwork Reduction Act Notice, see separate instructions.

2808110714 755565 S03881 2010.04000 EARL BANE FOUNDATION

Form 4562 (2010)

S03881_1

•

Form 4562 (2010) EARL BANE FOUNDATION 48-1152429 Page 2Part V Listed Property (Include automobiles, certain other vehicles, certain computers, and property used for entertainment, recreation, or

amusement)Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b, columns (a)through (c) of Section A, all of Section B, and Section C if applicable

Section A - Depreciation and Other Information (Caution : See the instructions for limits for passenqer automobiles)

24a Do you have evidence to support the businesslnvestment use claimed2 0 Yes 0 No 24b If "Yes," is the evidence wntten') 0 Yes E:1 No

(a) (b) (c) (d) (e) (f) (g) (h) (f)Type of propertylist vehicles first(list

)

Dateplaced in

Business/investment Cost or

other basis

Basis for depreciation(business/nvestment

Recoveryperiod

Method/Convention

Depreciationdeduction

Electedsection 179

service use percentage use only) cost

25 Special depreciation allowance for qualified listed property placed in service during the tax year and

used more than 50% in a q ualified business use 2526 Property used more than 50% in a qualified business use:

27 Property used 50% or less in a qualified business use.

28 Add amounts in column (h), lines 25 through 27 Enter here and on line 21, page 1

29 Add amounts in column (t). line 26 Enter here and on line 7. oaae 1

S/L -

S/L -

Section B - Information on Use of Vehicles

Complete this section for vehicles used by a sole proprietor, partner, or other "more than 5% owner," or related personIf you provided vehicles to your employees, first answer the questions in Section C to see if you meet an exception to completing this section forthose vehicles

30 Total busmesslnvestment miles driven during the

(a)

Vehicle

(b)

Vehicle

(c)

Vehicle

(d)

Vehicle

(e)

Vehicle

(f)

Vehicle

year (do not include commuting miles)

31 Total commuting miles driven during the year

32 Total other personal (noncommuting) miles

driven

33 Total miles driven during the year.

Add lines 30 through 32

34 Was the vehicle available for personal use Yes No Yes No Yes No Yes No Yes No Yes Noduring off-duty hours?

35 Was the vehicle used primarily by a more

than 5% owner or related person?

36 Is another vehicle available for personal

use?

Section C - Questions for Employers Who Provide Vehicles for Use by Their Employees

Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who are not more than 5%owners or related persons

37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by your Yes Noemployees?

38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your

employees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners

39 Do you treat all use of vehicles by employees as personal use?

40 Do you provide more than five vehicles to your employees, obtain information from your employees about

the use of the vehicles, and retain the information received?

41 Do you meet the requirements concerning qualified automobile demonstration use?

Note : If your answer to 37. 38. 39. 40. or 41 is "Yes. " do not comolete Section B for the covered vehicles.

Part VI Amortization(a) (b) (c) (d) (e) (f)

Description of costs Date amortization Amortizable Code Amortization Amortizationbegins amount section Denoi of Dercentaae for this year

42 Amortization of costs that begins during your 2010 tax year.

43 Amortization of costs that began before your 2010 tax year 43

44 Total. Add amounts in column (f). See the instructions for where to report 44

016252 12-21-10 Form 4562 (2010)

2908110714 755565 S03881 2010.04000 EARL BANE FOUNDATION S038811

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